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For anyone who uses credit cards regularly, Statement Balance Vs Current Balance is worth understanding. These two numbers may look similar, but they can represent different points in your account activity. The statement balance is associated with the completed billing cycle, while the current balance reflects your account at the present time. New purchases made after the statement closes may appear in the current balance but not the previous statement balance. Likewise, payments or refunds can make the current balance lower. Knowing this difference can make it easier to understand your credit card account and payment obligations.